Alpha DNA Investment Management LLC Acquires 13,411 Shares of Honeywell International Inc. (NASDAQ:HON)

Alpha DNA Investment Management LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 255.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,653 shares of the conglomerate’s stock after acquiring an additional 13,411 shares during the period. Honeywell International comprises about 1.4% of Alpha DNA Investment Management LLC’s portfolio, making the stock its 6th largest holding. Alpha DNA Investment Management LLC’s holdings in Honeywell International were worth $3,856,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HON. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp boosted its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the period. Financial Connections Group Inc. purchased a new position in Honeywell International during the 2nd quarter valued at about $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Honeywell International in the third quarter worth approximately $41,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $229.11 on Friday. The business’s 50 day moving average is $213.86 and its 200-day moving average is $208.98. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $148.98 billion, a PE ratio of 26.46, a PEG ratio of 2.69 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio is currently 52.19%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Barclays raised their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $241.45.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.